A survey of recent articles and editorials published across California suggests our housing shortage is complicated by a myriad of issues that have developed over time making it difficult to quickly and successfully add more housing where it is most needed. While there may no general statewide consensus on the “why” behind California’s state-wide housing challenges, there are many potential solutions that are worth exploring. During this session we will talk about expanding the public and private sector relationship for the purpose of building financeable projects using new deal structures, accessing new sources of capital, necessary or desirable legislative changes and how to build the political will needed to deliver more housing where it is needed.
Addressing the “why behind” California’s lack of a sufficient housing pipeline begins with sufficient financing and political will. One approach is to expand the number of problem solvers at the table pre-permitting to include private sector financing specialists, entities with access to capital and project sponsors and developers adept at housing design, permitting, construction and financing sales to new owners.
Examining the development process from cradle (property acquisition or lease to “lights on”), we expect to enjoy a robust discussion on how the industry can partner with the public sector to deliver more liquidity for well-designed housing projects. Our panelists will talk about the need for increasing early interaction and coordination during the planning stages between the public and private sector and identifying sufficient financial support to make projects feasible and attractive to the private sector. Critical to this process is building consensus with communities impacted by proposed projects and confirming that project design meets the needs of the targeted residents.
We will also talk about how the active involvement of project sponsors and developers, non-profit builders, impact investors and capital market lenders can improve project feasibility and delivery by focusing on financing development, construction and delivery costs before permitting.